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An introduction to strategy
The JSW approach
This involves understanding
Strategic the organisation’s position
analysis relative to its environment.
Key models
– PESTLE
– 5 Forces
– SWOT
Strategic Strategy
choice into action
This aims to choose solutions This concerns implementing
to existing problems and strategies. It can be divided
improve the organisation’s into two parts:
strategic position.
– Making business changes
The key model is JSW strategy
evaluation test. – Managing business
changes.
Illustrations and further practice
Now try TYU question 2.
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